First home buyers
The mortgage
process explained
From the first chat to the moment you pick up the keys, here’s how it all comes together. Seven simple steps, with Traction by your side along the way.
01
First things first
Let’s have a chat
We’ll talk about what you’re hoping to achieve, where your deposit is at and what a comfortable mortgage could look like. You don’t need to have all the answers — that’s what we’re here for.
Not quite ready yet? That’s completely fine. We can help you put a plan in place so you know what to work towards.
02
We’ll make it easy
A little paperwork
We’ll send you a checklist and help you gather what the lender needs. It’s usually a few everyday documents, and we’ll let you know if anything extra is needed.
Photo ID (passport or driver licence)
Recent payslips
Recent bank statements
Debt statements (loans, credit cards, BNPL)
Proof of deposit (savings and KiwiSaver)
Employment contract (if recently started)
If you’re self-employed or your income is a little different, we’ll tailor the list to your situation.
03
Behind the scenes
Finding your lender fit
We’ll look at your financial picture and compare suitable options from the lenders we work with. That means considering more than just the rate — we also look at lending criteria, features and potential offers.
We’ll explain how our service works, including any fees, before you decide to proceed.
04
Making it official
Let’s get pre-approved
Once we’ve agreed on a lender, we’ll prepare and submit your application. We aim to be thoughtful about where we apply, rather than sending applications everywhere.
Lenders may check your credit file as part of the application process.
05
The fun part
Time for open homes
With pre-approval in hand, you’ll have a clearer idea of your budget. Now comes the exciting part: exploring neighbourhoods, visiting open homes and imagining what home could look like.
06
A big milestone
You found a place!
Before you commit, your lawyer can review the sale and purchase agreement. If your offer is accepted with conditions, we’ll help with the finance side while you organise the property checks and legal due diligence.
Important: Only go unconditional once your lawyer confirms the conditions are satisfied and your finance is formally approved.
07
Almost home
Keys, here you come
We’ll talk through how to structure your loan and set up repayments. Your lawyer handles the signing and settlement, and you can organise a pre-settlement inspection before the big day.
Once settlement is confirmed, it’s time to collect the keys. We’ll also be here when your mortgage comes up for review.
Ready to make a start?
Whether you’re ready to apply or just figuring things out, we’d love to chat.This guide reflects the general mortgage process as I work through it with clients. Individual circumstances vary and some steps may differ depending on your situation, lender, and the sale type. This page does not constitute financial or legal advice.
